Hostile takeover of 7-Eleven? Couche-Tard chair stakes his position

Alimentation Couche-Tard is seeking to acquire 7-Eleven parent Seven & i holdings only on a friendly basis, says its chair and co-founder. Alain Bouchard told Japan’s largest business daily, The Nikkei, that a hostile takeover is “not among factors being considered.” The Montreal area-based convenience store giant made its initial bid for Seven & i in August, later increasing its offer $47 billion.